Bank of America executive urges CFOs to prioritize data before AI spending
Matthew Davies told PYMNTS that finance leaders face a greater risk from poorly targeted technology investment than from underspen...
By Rafael Ortiz 1 month agoSection
Fintech
Monterro buys majority stake in Finnish banking software firm Mors
The Nordic software investor will back Mors Software’s expansion in the UK and Europe, alongside product and AI investment.
By Rafael Ortiz 1 month agoDigital payments push AML deeper into financial infrastructure
SAS Middle East executive Hytham Ahmad says faster payments and new rails are forcing institutions to integrate AML controls into...
By Rafael Ortiz 1 month ago
OpenAI starts small business program for ChatGPT Work adoption
OpenAI said the initiative will offer training, guides and partner tools to help small firms use ChatGPT Work across routine busin...
By Rafael Ortiz 1 month ago
Augustus raises $180mn to expand dollar clearing platform
The former Ivy says its Series B will fund dollar account and payments access for financial institutions across emerging markets.
By Rafael Ortiz 1 month ago
Bank of America adds generative AI to call-centre assistant
The bank says EricaAssist now gives service staff relevant guidance in under three seconds and cuts average call times by nearly o...
By Rafael Ortiz 1 month agoMitrade picks Volt for EU instant account funding and withdrawals
Volt will provide SEPA Instant deposits and real-time payouts for Mitrade clients in the EU through the broker’s CySEC-regulated e...
By Rafael Ortiz 1 month ago
Capital One begins testing credit card use on Discover network
The bank is assessing whether to route Capital One credit cards over Discover’s network as integration work, technology spending a...
By Rafael Ortiz 1 month ago
Real-time payments users report higher returns than nonusers, study finds
PYMNTS Intelligence and The Clearing House found a wide perception gap between companies using instant payment rails and those rel...
By Rafael Ortiz 1 month agoBanks face gradual fintech erosion rather than a Kodak-style collapse
Joris Lochy argues banks retain trust and regulatory advantages, but AI may raise the cost of slow execution in financial services...
By Rafael Ortiz 1 month agoMitigram buys Export Enterprises to expand trade finance platform
The deal adds eexpand’s trade intelligence network, used by more than 50 financial institutions and 700,000 registered businesses,...
By Rafael Ortiz 1 month agoRamp adds stablecoin accounts for cross-border payments
Ramp says businesses can now hold USDC or USDT in its platform or fund stablecoin vendor payments directly from bank accounts.
By Rafael Ortiz 1 month ago